IBM Layoffs

IBM company profile

Messages relating to layoffs at
IBM
are presented below the company info.

Company information:

Industry/Area of Activity:

Internet & Computer Services

Company Stock Ticker:

IBM

Stock traded at:

NYSE

Industry Code:

9533

About IBM:

International Business Machines Corp. (IBM) is a large multinational technology and consulting company. The headquarters are located in Armonk, NY. The company employs about 350,000 people (as of 2018, IBM Annual Report) globally. IBM makes and sells computer hardware and software and provides a wide range of technology and business consulting services to clients on all continents. In addition, IBM offers outsourcing, infrastructure, hosting and cloud solutions. IBM actively acquires leading companies in the technology sector - for example in 2019 it acquired Red Hat, in 2012 Kenexa, in 2009 SPSS and in 2002 the consulting arm of PwC.

Revenue information:

USD $79.1 Billion (as of 2017, Bloomberg)

Contact information:

Contact Customer Service at 1 (877) 426-6006. Corporate headquarters are located at IBM Corporation, 1 New Orchard Road, Armonk, New York 10504-1722. Email: [email protected]

More information:

For IBM news and rumors posted by our visitors, see the entries below! Corporate website is located here: IBM.

Topics regarding layoffs at IBM

Just found out yesterday my manager spoke to me about my promotion in May promising it would still happen. I was on a project and billing 45hrs a week and had a secret clearance with a few certifications. I have a few offers lined up so it’s not too...
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Found this surfing last night. It appears IBM has abandoned power when it comes to private cloud. They will only support virtual server now.
That means all LINUX, AI, and Cognitive Will port off of Power. You have until 8/22 to move your...
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NOTE the flashing red light. Cloudera had good earnings considering, and yet they are getting hammered this morning (down 12%) due to revenue forecast being light. Does that sound like anyone else we know who is moving to enterprise hybrid...
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One of IBM's main business strategies seems to be about layoffs, off-shoring, and overall cost-cutting. Whether you like Robert Cringely or not, he makes some very good points in this book on IBM.
Excerpt from Amazon.com webpage for his book:...
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Honestly, the only thing I can think of is that it was much, much bigger than we think. If it was not that bad, why hide it? People already speculate about thousands or tens of thousands being shown the proverbial door, that's already out there. How...
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So Big Blew was leasing workspace from WeWork yet they have all these vacant buildings around the globe? Just more mismanagement.
https://commercialobserver.com/2020/05/ibm-leaving-70k-sf-wework-outpost-in-union-square/

International Business Machines Corp. has kept mum on these numbers for decades, with
arguably one exception in 1993 when Lou Gerstner, a CEO hired from outside the company,
announced 60,000 dismissals.
When Krishna took the helm in...
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What is the number of people they are aiming for in the long run? We are already feeling the absence of so many people and it is affecting our productivity - and in the end the bottom line - and it does not seem that IBM is done with cuts. I know...
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This is from the WSJ:
Hours after Joe Taylor was laid off by Uber Technologies Inc., as part of the ride-sharing company’s far-reaching cost-cutting, the hardware engineer began looking for a new job. What he’s seeing is a Silicon Valley job...
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Layoffs are continuing in GBS NA as a result of Bench Management.
Bench management is for those who are not actively staffed on a client billable project. You get put on a PIP, and if you can’t find a client billable project within 60 days you will...
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Anyone else received Workday emails? The best so far is Your Separation is Now in Progress. Looks like my manager is wasting no time in getting me on the way out.
I also attended the Rights Management webinar but have yet to make personal...
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People who think they could win an age discrimination suit against IBM: do you remember two years ago when journalists (Mother Jones or some similar site) did all the research and managed to prove that IBM was discriminating based on age when it...
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I did, but don't believe the math justifies the effort.
I figure 90 days of 'severance' is worth about $40k, and year of health coverage subsidy for a couple is worth another $20k.
If I don't sign the agreement, I forfeit the $60k, so the...
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Everyone knows IBM and public cloud don’t go together. Even IBM knows that Amazon/Microsoft/google have won that war.
Look at Softlayer if you need anymore proof. IBM is trying to capture the space where they still hold sway. Mainframe. Nothing...
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This is widely believed, but not quite true. The massive amounts of spending on stock buybacks - money that was desperately need if the Cloud business was to have any chance of keeping pace - barely keeps the stock price stable. Existing shareholders...
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The company who proudly denounced layoffs for decades becomes the poster child for layoffs for as long as most IT workers have been alive. Do people still want to work at IBM? What does the company add to your resume and your career when you spend...
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We are hearing about the recent IBM layoff notice of ex-AT&T Employees outsourced to IBM exactly one year ago last August. Those of us still at AT&T can not fathom or wrap our head's around the folks IBM decided to release versus those they are...
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Guess this information wasn't contained in any of the books on AK's bookshelf from one of his most recent videos to employees:
https://www.businessinsider.com/ibm-shows-firing-workers-during-great-depression-coronavirus-mistake-2020-5

At the typical IBM burden rate of $180k average per FTE (at least when I was still at IBM), this equates to 5,000 US employees if the charge for reductions is $900M for the year. Since this is a $900M charge for the quarter, multiply that by 4 to get...
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From where I sit, I see no coherent strategy at all. Due to the loss of skilled teams in this last RA move, we are paying over 37 million in penalties to drop 42 signed contracts (over 190 million in rev) that we no longer have the personnel to...
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